Duration Gold Limited is a Zimbabwe focused, private, emerging
gold producer and explorer. The company 88% owned by Clarity and its employees, currently has a
global resource base of 4.2 million oz of gold.
Formed in 2006, the company partnered with two
long standing Zimbabwean mining families, the Muirs and the Thompsons, and now
owns 112 gold deposits or mines with historic production of 5.6 million oz. Most of these can be clustered into 5
groups, each of which has the potential to produce over 1 million ounces of
gold.
Recent political and economic reforms in Zimbabwe
enabled the company to recommence gold production in late February 2009.
Shortly thereafter, Duration was licensed to market and sell its gold on the open
market. This it has been doing at
international spot prices and receiving freely transferable foreign currency in
return. The company is cash flow positive
and generates a healthy monthly EBITDA from its current operations.
Duration's objective is to develop its existing
asset base into a 250,000 oz per year producer based on four bankable
feasibility studies targeted for completion in the next two years. Acquisition of additional producing and
advanced stage assets is also expected to bolster the company's annual
production.
To find out more please join us at the Table.

